Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fonzie]

china not following, I find that bearish.

dont forget that this dip started in china.

My thinking as well. They have been initiating all the moves lately -- the other exchanges just overshoot in both directions. But maybe Huobi can form a higher low here. Hard to say....

You guys should better wait until we reach 540-550$ before buying back, we need additional fuel to shoot us through there!

[NewLiberty]

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

I like what you did there, pouring oil on fire  

I beg to disagree Casually dropping some info about your at-noon breakfast of roasted liver with wine, in the middle of a capitulation that'll cost quite a few investors dearly, is the real oil-on-fire. Which is why I got the Marie Antoinette association.

Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.

I think Risto's point is that we can all "eat cake" too is we just hold and don't panic (or buy during this great opportunities to do so if possible).

Maybe I am strange but I find his words quite comforting.  To be able to drink a glass of wine with no worries to what Bitcoin is doing at the present impressive, especially when it is so easy to get emotional about it.  But I am admittedly a huge fan of Risto.  Of all the people on the thread he has been the most helpful to me, and generous too.

There is NOTHING wrong with being appreciative of the contributions of Risto or anyone else for that matter, and I get your point that he may have NOT meant to be pompous in his presentation of that situation.

 NONETHELESS, he does have some flaws... especially in the hooty-tooty tone arena... from time to time...

Having said all that, I appreciate his contributions, too....  but I also think that it helps for the survival of bitcoin to have people like Risto (who have profited in the past from BTC) to invest back in to BTC in order to help build a better and stronger BTC infrastructure in order that newcomers can become acquainted and comfortable with BTC space.

If and when we have castles of our own how will people react to us? Will they think we are pompous jerks just because of that alone?  I think sometimes just being wealthy, successful, or in a different situation in life is enough to cause envy and see things that are not necessarily there, or can be construed to be that way. 

For example, I live in a pretty wealthy area in California, but would still be considered "middle class."  I find that those that are wealthy are often considered "pompous" just because they have nice houses and cars.  Some even consider my husband and I "rich" and although it seems totally ridiculous to us, think we are "snobby" because of where we live.  Of course we know in our neighborhood we are just average.  But I have learned that we see others through our own lens of our experiences and we need to step back and consider where the other person is coming from.

That said, I don't think Risto is ever really trying to be pompous.  He may have a little fun with the successes he has had and post a comment here and there about it, but I think his heart is one that wants to encourage us not to "throw in the towel" so to speak and hold on or buy more coins and try to see the big picture. He has been in this a bit longer than many of us have and has reaped the rewards that could well be ours too if we just show a little patience and self-control.

Alll  weee  is saaaaaing,   is give Bitcoin a chance.

[JayJuanGee]

...
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time...

Nah!

I believe that quote was from me, and NOT from Bitchick... so it was quoted out of context.  And, I do NOT find this picture as pompous and irritating... it is cool and good to show these lavish images.

When I talk about pompous and irritating, it is a communication thing.. and words that Risto may chose to use when communicating with someone newer to the bitcoin community or less bitcoin endowed.... communications like that.

[_javi_]

TL;DR

let´s get back to WALL OBSERVING plz 

[Sidecar]

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

https://i.imgur.com/Ty5H5Ml.jpg

I like what you did there, pouring oil on fire  

I beg to disagree Casually dropping some info about your at-noon breakfast of roasted liver with wine, in the middle of a capitulation that'll cost quite a few investors dearly, is the real oil-on-fire. Which is why I got the Marie Antoinette association.

Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.

I think Risto's point is that we can all "eat cake" too is we just hold and don't panic (or buy during this great opportunities to do so if possible).

Maybe I am strange but I find his words quite comforting.  To be able to drink a glass of wine with no worries to what Bitcoin is doing at the present impressive, especially when it is so easy to get emotional about it.  But I am admittedly a huge fan of Risto.  Of all the people on the thread he has been the most helpful to me, and generous too.

Hi guys,

I've never posted before, and probably will go back to lurking after this, but I just wanted to say that I, too, have found Risto's advice helpful and often accurate. I echo BitChick's experience of the man: he's been nothing but helpful, inclusive, and generous to me.

OK, i'm done. Good luck to us all, bulls, bears, (anti)Bitcoiners alike. We all gotta live in the same place, with or without jacuzzis

Oh, and Bon Voyage, BitChick! Have a great vacation

Sidecar

[BitChick]

Your comment seems to imply that I am (or others) are motivated to hate on Risto b/c of his wealth.  I could give a flying rats ass about his wealth... I just have a problem with flaunting or outward attempts to lord over these kinds of things. 

On the other hand, sometimes material possessions, enjoyment of life or investment prowess may be a topic of discussion or somehow relevant to the topic at hand, and in those cases, it may be good to illustrate with personal examples regarding wealth accumulation or investment choices or consumption decisions.

So, it could be possible that you are misreading my articulation of my perceptions regarding the sometimes flaunting inclinations of Risto......

I wasn't trying to imply that you feel this way,  I was just making a point that it could be that some people resent him just because of the wealth alone.  But I do think some of his perceived "pompous" posts is just his sense of humor perhaps.  The strange thing about message boards is that emotions and even humor is difficult to convey.  We can throw up a few smiley faces here and there but unless you are sitting with a person face to face the true meaning can often be lost.

Regardless, Risto could be drinking his wine in his castle and ignoring these threads completely.  I am surprised he even posts on here most of the time.  I think he has thicker skin than I do.  Granted, he is smarter than I am in that he does avoid some topics (like religion) that I will discuss that causes even more drama on here!!!  

[BitChick]

TL;DR

let´s get back to WALL OBSERVING plz 

Have you not noticed but the "WALL" is a bit depressing today!?  Just trying to keep our minds off of it until the price bounces back here. 

[tarmi]

china not following, I find that bearish.

dont forget that this dip started in china.

My thinking as well. They have been initiating all the moves lately -- the other exchanges just overshoot in both directions. But maybe Huobi can form a higher low here. Hard to say....

You guys should better wait until we reach 540-550$ before buying back, we need additional fuel to shoot us through there!

no thanks.

firstly because I am not impressed with the volume on bitstamp. second, this is just a low volume rebound.

I will happily short even more if we touch 540.

[JayJuanGee]

...
Risto may be a little looney and crazy from time to time, but you are NOT even in the same league...

No one who hasn't been committed to a mental hospital is "in the same league."

HELLO.... get back to substance.. you are getting into ad hominem attacks, when my post referred to substantive things such as communication skills and presentation.

We do NOT know the personal lives of most people in these threads, and it tends NOT to be too relevant, except for limited circumstances.

[NewLiberty]

TL;DR

let´s get back to WALL OBSERVING plz 

Those are some nice walls....

[5cMXezpBtm]

TL;DR

let´s get back to WALL OBSERVING plz 

Have you not noticed but the "WALL" is a bit depressing today!?  Just trying to keep our minds off of it until the price bounces back here. 

Yeah it's interesting. Seems to be: Falling BTC course -> bad mood -> much bullshit in this thread

On other days this thread is more fun.

[Searing]

TL;DR

let´s get back to WALL OBSERVING plz  

Have you not noticed but the "WALL" is a bit depressing today!?  Just trying to keep our minds off of it until the price bounces back here.  

hey i plunked down the stupendous sum of 79.43 or some such at 508.49 usd if i remember right for BTC

just to appease the asic gods with a token...on my bet it will NOT go and or stay below 500 usd (er for long?)

anyway would have prob got a bit more but new to coindesk not validated yet ..what I had left I could buy on instant buy

so I HAVE SPOKEN ....and placed my bet...i have tried to appease the asic gods!

likely I will be 'smited'  and  BTC will tank for my meager efforts and puny amount

whatever.....

at least I made a whale someplace watching www.bitcoinwisdom.com  watching the volume feed 'snort' when my purchase went by!

(good to have goals)

Searing

[fonzie]

china not following, I find that bearish.

dont forget that this dip started in china.

My thinking as well. They have been initiating all the moves lately -- the other exchanges just overshoot in both directions. But maybe Huobi can form a higher low here. Hard to say....

You guys should better wait until we reach 540-550$ before buying back, we need additional fuel to shoot us through there!

no thanks.

firstly because I am not impressed with the volume on bitstamp. second, this is just a low volume rebound.

I will happily short even more if we touch 540.

One reason the volume for this rebound is low is because the ask side is almost non existent on Bitstamp. It´s just 1000BTC deeper to 600$ than it was when we traded around 580$. If this changes when we get to ~550$, nobody knows.

[aminorex]

firstly because I am not impressed with the volume on bitstamp. second, this is just a low volume rebound.

when it eventually goes up, volume will be thin relative to times past, simply because of scarcity.

[oda.krell]

Regardless, Risto could be drinking his wine in his castle and ignoring these threads completely.

Which, in some situations, would probably be better for everyone involved, cf. breakfast liver and Jacuzzis.

[JayJuanGee]

TL;DR

let´s get back to WALL OBSERVING plz 

Yes sir (or ma'am): 

BTC prices went down to $497 this morning on Bitstamp, and currently hovering in the $521 arena. The major question remains whether $497 was the bottom or whether we are going to revisit $497.  I tend to think that there will be attempts to revisit $497... at least through this coming weekend..   This low point will be difficult to maintain.. with increases in volume being apparent.. maybe we will see prices break into the $480s... and then maybe next week we could rally into the upper $500s, if NOT further.

[Malin Keshar]

TL;DR

let´s get back to WALL OBSERVING plz 

Yes sir (or ma'am): 

BTC prices went down to $497 this morning on Bitstamp, and currently hovering in the $521 arena. The major question remains whether $497 was the bottom or whether we are going to revisit $497.  I tend to think that there will be attempts to revisit $497... at least through this coming weekend..   This low point will be difficult to maintain.. with increases in volume being apparent.. maybe we will see prices break into the $480s... and then maybe next week we could rally into the upper $500s, if NOT further.

520  was the last resist before the 450- level, see the 1 day chart on bitstamp.

Now that it is lost we won't be able to avoid the fall.

[kireinaha]

Stamp still trying to break through $520 on weak volume, China trailing even further behind. It would take a brave (or just foolish) soul to go long in this spot. We haven't even seen blood in the streets yet, but it will happen.

I'm still unsure whether we're going to drop tonight, or if we'll move sideways until the weekend. I would guess $400s will happen sooner rather than later though.

[JayJuanGee]

Your comment seems to imply that I am (or others) are motivated to hate on Risto b/c of his wealth.  I could give a flying rats ass about his wealth... I just have a problem with flaunting or outward attempts to lord over these kinds of things. 

On the other hand, sometimes material possessions, enjoyment of life or investment prowess may be a topic of discussion or somehow relevant to the topic at hand, and in those cases, it may be good to illustrate with personal examples regarding wealth accumulation or investment choices or consumption decisions.

So, it could be possible that you are misreading my articulation of my perceptions regarding the sometimes flaunting inclinations of Risto......

I wasn't trying to imply that you feel this way,  I was just making a point that it could be that some people resent him just because of the wealth alone.  But I do think some of his perceived "pompous" posts is just his sense of humor perhaps.  The strange thing about message boards is that emotions and even humor is difficult to convey.  We can throw up a few smiley faces here and there but unless you are sitting with a person face to face the true meaning can often be lost.

Regardless, Risto could be drinking his wine in his castle and ignoring these threads completely.  I am surprised he even posts on here most of the time.  I think he has thicker skin than I do.  Granted, he is smarter than I am in that he does avoid some topics (like religion) that I will discuss that causes even more drama on here!!!  

Agreed!!!  writing versus in person are different when it comes to communicating tone.. including jokes... and sometimes jokes could be mistaken..

We agree.... MMMMMUUUUUAAAACCCHHHH....    I hope BTCHus does NOT jealous?

[tarmi]

china not following, I find that bearish.

dont forget that this dip started in china.

My thinking as well. They have been initiating all the moves lately -- the other exchanges just overshoot in both directions. But maybe Huobi can form a higher low here. Hard to say....

You guys should better wait until we reach 540-550$ before buying back, we need additional fuel to shoot us through there!

no thanks.

firstly because I am not impressed with the volume on bitstamp. second, this is just a low volume rebound.

I will happily short even more if we touch 540.

One reason the volume for this rebound is low is because the ask side is almost non existent on Bitstamp. It´s just 1000BTC deeper to 600$ than it was when we traded around 580$. If this changes when we get to ~550$, nobody knows.

nope.

ask side is non existent simply because you are looking at yesterday's bid side.

and rebounds tend to happen on low volumes.